Welcome to our dedicated page for Braze news (Ticker: BRZE), a resource for investors and traders seeking the latest updates and insights on Braze stock.
Braze Inc (BRZE) delivers AI-powered customer engagement solutions for global enterprises. This news hub provides investors and professionals with essential updates about the company's strategic developments, product innovations, and market positioning.
Access curated press releases and analysis covering Braze's platform enhancements, partnership announcements, and financial performance. Our collection serves as a reliable resource for understanding the company's impact on marketing technology and customer relationship management sectors.
Key content categories include earnings reports, leadership changes, technological advancements leveraging Sage AI, and cross-industry implementations in retail, finance, and media. All materials maintain factual accuracy while avoiding speculative commentary.
Bookmark this page for streamlined access to Braze's evolving story. Check regularly for updates that could influence your understanding of customer engagement technology trends and corporate strategy.
Braze (Nasdaq: BRZE) announced the beta launch of Braze Instant Insights, a suite of Snowflake Native Apps on Snowflake Marketplace, at Snowflake Summit 2023. These Analytics Apps, built using the Snowflake Native Application Framework, aim to help joint customers unlock and drive data value. Braze Instant Insights is an advanced analytics engine that enables Braze customers to leverage real-time insights for personalized, strategic cross-channel marketing campaigns.
Additionally, Braze was awarded the Powered by Snowflake award at the fifth annual Data Drivers Awards for North America, recognizing their transformation of the marketing and technology industries through secure data sharing and customer-centric interactions. The collaboration between Braze and Snowflake enables customers to create and analyze impactful customer engagement strategies in real-time and at scale.
Braze (BRZE) reported strong fiscal Q1 2024 results, with revenue growing 31.3% year-over-year to $101.8 million. The company achieved a dollar-based net retention of 122% for the trailing 12 months. Key financial highlights include:
- Subscription revenue: $97.1 million
- GAAP Gross Margin: 67.9%
- Non-GAAP Gross Margin: 68.8%
- Total customers: 1,866
- GAAP operating loss: $41.9 million
- Non-GAAP operating loss: $16.0 million
- Net cash provided by operating activities: $22.5 million
- Free cash flow: $21.7 million
Braze also provided guidance for Q2 FY2024 and updated full-year FY2024 guidance, projecting continued growth. The company launched new products, announced partnerships, and completed the acquisition of North Star, launching Braze Australia.
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